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Repaying an IRA in the following tax year
If I take an IRA distribution in November or December 2019 and pay it back in 2020 (within 60 days) how do I handle it? The 1099-R I receive as of December 31, 2019 will not reflect the payback. Should I take the credit for the payback on my 2019 tax return or 2020 return?
‎August 10, 2019
12:39 PM